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Canadian Financial Close: C$ rises with gold, BoC decision

By Commodity News Service Canada WINNIPEG, May 24 – The Canadian dollar ended slightly higher against its US counterpart on Wednesday, pushed upward by gains in gold and a decision by the Bank of Canada. The central bank decided to hold interest rates steady at 0.5% due to recent strength in the Canadian economy. However, […] Read more


U.S. grains: Wheat, corn firm on short covering

Chicago | Reuters — Chicago wheat futures closed higher on Wednesday on light short covering, one day after the spot contract fell about one per cent on better-than-expected U.S. wheat condition ratings. Corn futures firmed while soybeans ended flat after a choppy session. Chicago Board of Trade July wheat settled up three cents at $4.32-1/2 […] Read more

Pulses: AUS farmers monitor disease and pest threats

By Dave Sims, Commodity News Service Canada Winnipeg, May 24 – Bids for kabuli chickpeas (10mm) on the Canadian Prairies are keeping firm, according to the latest information from the Prairie Ag Hotwire. Prices are listed at 69 to 70 cents per pound. Prices for Laird number one lentils are also holding steady at 48 […] Read more

U.S. livestock: Live cattle retreat following initial cash prices

Chicago | Reuters — Chicago Mercantile Exchange live cattle contracts slumped on Wednesday, pulled down by technical selling and lower preliminary cash prices, said traders. June closed 0.95 cent/lb. lower at 122.125 cents (all figures US$). August closed 1.4 cents lower at 119.925 cents, and below the 10-day moving average of 120.13 cents. Wednesday morning’s […] Read more

CBOT weekly outlook: Corn, soy rangebound

CNS Canada –– Corn and soybean futures at the Chicago Board of Trade are expected to hold near-term ranges, as traders decide where to lay their focus amid a mix of factors. “Weather will dominate; that’s no surprise to anybody,” said Sean Lusk of Walsh Trading. That influence is likely to have a supportive effect […] Read more

Feed Grains: Stripe rust emerges in Texas

By Commodity News Service Canada Winnipeg – Following are a few highlights in the Canadian and world feed grains markets on Wednesday, May 24. Prices for oats in Manitoba rose 14 cents during the past week, according to the latest data from the Prairie Ag Hotwire. Prices are going for $2.86 to $3.39 per bushel. […] Read more

North American Grains/Oilseed Review – Canola Dips With Currency Issues

By Dave Sims and Jade Markus, Commodity News Service Canada Winnipeg, May 24 (CNS Canada) – ICE Futures Canada canola contracts finished slightly lower on Wednesday, weighed down by bearish action in the Canadian currency. The Canadian dollar was roughly half a cent stronger compared to its US counterpart, which made canola less attractive to […] Read more

ICE Canola Weakens Due to Currency Issues, Veg Oil Losses

By Dave Sims, Commodity News Service Canada WINNIPEG, May 24 – Canola contracts on the ICE Futures Canada platform were slightly lower at 10:40 CDT on Wednesday, weighed down by action in the Canadian dollar and weakness in vegetable oil markets. The Canadian dollar was about a third of a cent higher relative to its […] Read more